Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Has the international expansion favored FitBit?What has been the effects on costs and net revenue? Is FitBit a healthy company, asses its liquidity, leverage and

Has the international expansion favored FitBit?What has been the effects on costs and net revenue?

Is FitBit a healthy company, asses its liquidity, leverage and how it has been managing its assets through financial ratios (Calculate 2 at least for every type).

Because FitBit is a new company, the have little control over its suppliers and their policies. What would happen to the companys liquidity, if their suppliers asked to be paid in 90 days? What would be an estimated impact on Cash Balance?

How would you increase FitBit revenue? How would those actions reflect on financial statements? (You can make as many assumptions as needed. They need to be backed up with numbers)

image text in transcribed

Income Statement Jun 30, 2015 $762,596 380,415 382,181 Jun. 30, 2014 $226,909 119,229 Equity Aditional Paid in Capital Retained Earnings Total Shareholder Equity 490,290 223,237 713,527 7,979 224,194 232,173 107,680 20,897 48,168 16,060 Number of Shares Price of the Stock 343,928 34.6 343,928 30.7 Revenue/Sales/Salles on Credit Cost of revenue/Cost of Goods Sold Gross profit Operating expenses: Research and development Sales and marketing Generall and administrative Change in contingent consideration Total operating expenses Operating income Interest expense.net Other expense, net Income before income taxes Income tax expense Net Income 52,918 138,557 27,629 -7,704 211,400 170,781 -846 -58,385 111,550 45,442 66,103 83,885 23,795 -861 4,905 18,028 12,225 5,803 Jun 30, 2015 Jun 30, 2014 311,276 252,02 145,626 231,859 115,072 Balance Sheet Current Assets Cash and cash equivalents Accounts receivable, net Inventories Deferred tax assets Total Current Assets Property and equipment, net Goodwill Intangible assets, net Other assets Total Assets 186,870 49,625 799,794 30.945 31.555 526,112 26,435 22,157 13.263 12,30R 9,890 562,437 878,467 Current Liabies 143,594 Accounts payable Deferred revenue Current Portion of Debt Total Current Liabilities Long Term Debt Total Liabilities 21,346 0 164,940 0 195,666 9,009 19,518 224,193 106,071 330,264 164,940

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Accounting Ethics

Authors: Ronald F. Duska, Brenda Shay Duska, Kenneth Wm. Kury

3rd Edition

1119118786, 9781119118787

More Books

Students also viewed these Accounting questions

Question

Describe the four levers of control.

Answered: 1 week ago